What Markets Know About American Politics that We Often Forget

If there is one thing I can count on in each and every Presidential cycle, it is to hear clients express fears of doom and gloom to their portfolios if “the other guy” (or gal) wins. Politics are by definition partisan, and investors are not at all immune from letting partisanship infiltrate their sentiments about the markets. And why should they be? If one believed a given candidate was going to be a great advocate for improving the circumstances that generally drive investor returns, chanc...